Those who opt to continue their education through to graduate business school and an MBA degree might well wonder if the considerable difference in tuition between state schools and those of the top public and private institutes truly reflect better value.
And I would have to say that the higher tuitions at places like the University of Chicago, Stanford and Wharton do indeed include benefits that you would be wise to consider when making your choice.
To begin with, the more expensive schools are much more likely to have renowned faculty. And the ratio between teachers and students is likely to be lower — something you can take it from Nicholas Yates is much to the average student’s benefit as he or she attempts to navigate through the finer points of accounting or economics. You will also likely have more opportunities to witness up-close and personal the operations of major corporations in the case of top business schools like Stanford — located as it is near Silicon Valley and its famous technology firms.
Also, the corporate officers of many of the major corporations are themselves graduates of top schools, and therefore even more likely to welcome students from their Alma Mater for educational purposes.
Consider, finally, that leading business schools consistently place more of their graduates into positions. And in the Nick Yates list of priorities — landing that first quality job has to be the very best outcome of any quality MBA program. Especially in an economy like the present one, which promises a much rougher ride for even MBA graduates!
You will of have to weigh carefully how each school measures up to your needs, resources and academic qualifications. But ultimately — furthering your business education will pay rich dividends which will make almost any investment of time or money worthwhile.